Shocking Statistics on Financial Literacy

Shocking Statistics on Financial Literacy

We just saw these statistics online and wanted to share them with our readers:

40% of Americans say they live beyond their means.
50% of Americans live paycheck to paycheck.
Only 32% of American parents talk to their children regularly about personal finance.
Only 21% of graduating high school students participate in financial literacy courses.
In 2016, students surveyed by the Jumpstart Coalition scored lower on basic financial literacy test than their predecessors in 2014.
20% of employees are unable to carry out normal work activities three days per week due to financial concerns.
43% of adults at the lowest level of financial literacy live in poverty, compared to 4% of those at the highest level of financial literacy.
2017 Sources:
Federal Reserve: http://www.federalreserve.gov
National Endowment for Financial Education: http://www.nefe.org